Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : OnSale Inc. -- Ignore unavailable to you. Want to Upgrade?

To: William Vu who wrote (922)	3/17/1998 7:37:00 PM
From: Pauly	Read Replies (3) \| Respond to of 4903

Since ONSL recently received its 4 millionth bid, this means they have already received 1 million bids in the first quarter, compared to 728,000 for the whole 4th quarter. More bids means more orders means more revenue. When you consider that 4th quarter is the holiday season, this growth is even more impressive. Also, their number of registered bidders was recently announced at over 500,000, compared to 418,000 at end of 4th quarter. By the time the current quarter is over, they will likely have added over 100,000 new customers. So, they are on target to continue to grow their registered bidders at a 20-25% rate sequentially quarter to quarter. This is all good news, and the shorts are conveniently ignoring these figures. If they keep growing their customer base, they will have a valuable asset that can be leveraged into other forms of revenue. The value of this group purchasing power is enormous (see AOL). I'm sure the ONSL shorts would also have had negative comments about AOL a few years back, and now look where AOL is: only one of the best performing stocks over the last 4 years. Paul

To: William Vu who wrote (922)	3/17/1998 11:21:00 PM
From: StaggerLee	Read Replies (1) \| Respond to of 4903

>>because, as a rule, online auction companies such as ONSALE or EBAY do not take titles of products but work like brokers that bring buyers and sellers together, and earn a percentage fee (from 1% to 5%, depending on price). For the record, this is changing rapidly at ONSL, where the company is purchasing stock for resale and exposing itself to all of the related costs and risks. But I'm sure the drunk guy on the loading dock is working for free, right Mo Chips? <g>